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> My co-founder recently decided to shut the company down, focusing on what he/she does best rather than being reliant on tech/design loops by making our amazin
by aazaa 7y ago
> My co-founder recently decided to shut the company down, focusing on what he/she does best rather than being reliant on tech/design loops by making our amazing designer create a Shopify site that he/she can manage him/herself.
It sounds like your co-founder is trying to fire you and leave you with the code, which is not needed because it can be done with Shopify now.
> Should I contact these startups? Anything I should do first, legally wise?
Don't sign anything regarding the breakup of your company. Consider your founding documents very carefully. What do you own according to these documents?
The breakup of a company is a negotiation. Maybe not a very pleasant one, but potentially every bit as important as the founding negotiation.
You will probably want to run your question by a lawyer.
- chriscappuccio 7y agoBingo. Get some money not useless code.
- jdmichal 7y agoAgree. This sounds like an "interesting" way to simply remove all other equity holders, now since the co-founder doesn't believe they're required anymore. Start new company, transfer all the good assets, leave the trash for others. This after putting in the time to help strategize and determine market fit. (Unless OP was literally 100% uninvolved in that side, in which case maybe this is justified...) OP says they value the friendship, but friends don't screw over friends like this.
- C1sc0cat 7y agommm shopify will be interesting to see how that turns out for the other founder
- koheripbal 7y agoCare to expand?
- C1sc0cat 7y agoIts not great out of the box - rather a WIX type of solution in my opinion. A non technical person dumping there technical people and going it alone is as they say "a brave choice" Does rather depend how dependant on organic they are.